Daily News

US – Tata full-year revenue up 16%

Tata Consultancy Services, an India-based information technology services provider, reported revenue rose 13.7 percent in U.S. dollars to $11.57 billion in its fiscal year ended March 31, 2013. The increase was 16.2 percent in constant currency.

Net income for the year rose 15.6 percent to $2.59 billion.

“We have added, trained and integrated over 69,000 professionals during 2012-13. With business demand continuing to be robust, we have made almost 25,000 fresh offers on engineering campuses for trainees who will join us from the second quarter of this fiscal year,” said Ajoy Mukherjee, executive vice president, head, Global Human Resources. “Our efforts to increase retention by engaging with our employees and offering them a progressive career path are paying dividends with IT attrition rates falling further to below 10 percent.”

Staffing Industry Analysts is the global advisor on contingent work. Known for its independent and objective insights, the company's proprietary research, award-winning content, data, support tools, publications, and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing.